Cost of Living in Elgin, OK
Population 3,560 · Oklahoma · Data vintage 2023
(100 = US avg)
Incomes in Elgin punch well above what you'd expect from a town of 3,560. The reason is straightforward: extraction-sector wages. Median household earnings of $81,739 pair with home values that remain well below the national median.
Located 60 miles north of Wichita Falls, Elgin is far enough out that local conditions diverge meaningfully from the big-metro baseline. Median home values run roughly 71% higher than Wichita Falls' $143,000.
Cost Overview
Scale: 100 = US national average. Green < 90, Red > 110.
About the Cost of Living in Elgin
The median home value in Elgin is $243,600 — 20% below the national median of $305,000. Median rent runs $1,206/month, 8% lower than the national median of $1,314/month. The median household income of $81,739/year is 10% higher than the US median of $74,580. The local unemployment rate is 5.6%, above the national average of 4.8%. Oklahoma's top state income tax rate is 4.8% and the combined sales tax is 9.0%. The climate averages highs of 75.4°F and lows of 49.8°F. Overall, Elgin has a cost of living index of 85 versus the US average of 100, meaning it is 15% less expensive.
Elgin has limited residential data
Detailed housing and income data is limited for this location. Here are the nearest cities with full cost of living data:
🏠 Housing
HUD Fair Market Rents by Bedroom
💰 Estimated Monthly Budget
Estimates based on median data and national averages. Actual costs vary.
🛒 Food & Groceries
National BLS average prices (2023). Local prices may vary.
🚗 Transportation
Commute Mode
⚡ Utilities
📋 Taxes
💼 Income & Employment
🎓 Education
👥 Demographics
🌤 Climate
NOAA 1991–2020 Climate Normals
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 54 | 58 | 67 | 75 | 83 | 92 | 97 | 96 | 88 | 77 | 64 | 54 |
| Low °F | 27 | 32 | 41 | 49 | 59 | 68 | 72 | 71 | 63 | 50 | 38 | 29 |
| Precip" | 1.04 | 0.89 | 1.89 | 2.46 | 3.72 | 3.98 | 2.00 | 3.21 | 2.80 | 2.52 | 1.50 | 1.46 |
💨 Air Quality
EPA AQS 2023 — county-level monitoring data
🏫 Schools
NCES CCD 2019 — public school district data
Frequently Asked Questions
What is the cost of living in Elgin, OK?
Elgin has a cost index of 85 (100 = national average). It is 15% below the national average.
What is average rent in Elgin, OK?
The median gross rent in Elgin is $1,206 per month based on 2023 Census data.
What is the average home price in Elgin?
The median home value in Elgin is $243,600 according to Zillow and Census data.
What is the median income in Elgin?
The median household income in Elgin is $81,739 per year (2023 ACS 5-year estimates).
What is the sales tax in Elgin, OK?
The combined state and local sales tax rate in Elgin is 9.0%. The Oklahoma state income tax top rate is 4.8%.
Is Elgin, OK affordable?
Yes, Elgin is generally considered affordable, with a cost of living index of 85 — about 15% below the US national average of 100.
What is the weather like in Elgin?
Elgin has average high temperatures of 75.4°F and average lows of 49.8°F. Annual precipitation is 27.5". Data from NOAA 1991–2020 Climate Normals.
Elgin at a Glance
- Population
- 3,560
- Median Income
- $81,739
- Home Value
- $243,600
- Median Rent
- $1,206/mo
- Unemployment
- 5.6%
- Avg High Temp
- 75.4°F
- Sales Tax
- 9.0%
Explore county-level cost of living data
Oklahoma Rankings
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